1. The CMA Program IMA St. Louis Chapter March 9th, 2010

2. Outline 1. CMA Credential 2. CMA Certification Eligibility 3. New CMA exam format announcement 4. Details of the new CMA exam structure & implementation 5. Exam formant difference current vs. new 6. New program benefits 7. Current CMA candidates exam options 8. Transition Exam (Part T) 9. St. Louis IMA Chapter Study Materials Discounts & Chapter Website info

3. The Essential Credential for Accountants and Financial Professionals The CMA (Certified Management Accountant) is the advanced professional certification specifically designed to measure the accounting and financial management skills that drive business performance. Achieving the CMA credential demonstrates your mastery of financial planning, analysis, control, and decision support, as well as professional ethics. The CMA credential is... ・ Focused—On the critical skills you use in business. ・ Respected—Leading employers seek to hire and promote CMAs. ・ Valued—CMAs earn higher compensation than non-certified professionals. ・ Convenient—CMA Exams are offered electronically in hundreds of locations worldwide.

4. Eligibility Criteria Membership in the Institute of Management Accountants Membership in the Institute of Management Accountants Paying the Entrance Fee Paying the Entrance Fee Satisfying the Education QualificationBachelors degree from an accredited college or university (in any major) with assumed knowledge in economics, basic statistics, financial accounting Satisfying the Education Qualification - Bachelors degree from an accredited college or university (in any major) with assumed knowledge in economics, basic statistics, financial accounting Satisfying the Experience Qualification - 2 years of relevant work experience Satisfying the Experience Qualification - 2 years of relevant work experience Passing scores for all required examination parts Passing scores for all required examination parts Compliance with the IMA Statement of Ethical Professional Practice Compliance with the IMA Statement of Ethical Professional Practice To be eligible for CMA certification, you must fulfill all of the following requirements:

5. ICMA updates CMA exam format To ensure that the CMA remains the most appropriate designation for accountants and financial professionals in business, the Institute of Certified Management Accountants (ICMA) announced a change to the format and curriculum of the CMA exam program December 1, 2009New Program Announcement December 1, 2009New Program Announcement Spring 2010Registration Opens For New Program Spring 2010Registration Opens For New Program May 1, 2010New Exam Available for Testing May 1, 2010New Exam Available for Testing December 31, 2010Completion Deadline for Current Program December 31, 2010Completion Deadline for Current Program Important Timeline

6. New Program Benefits Focused on critical subject matter: Financial planning, analysis, control, and decision support Highly Relevant to marketplace needs Advanced level of certification Maintains rigor and integrity Convenient for time-sensitive candidate Differentiated from other certifications Focused on the essential body of knowledge for accounting and financial professionals working within organizations Note: CMA Exam marketing expenditures are increasing this year

7. New Two-part Exam Format Part 1 – Financial Planning, Performance and Control Planning, budgeting and forecasting (30%) Performance measurement (25%) Cost management (25%) Internal Controls (15%) Professional Ethics (5%) Part 2 – Financial Decision Making Financial statement analysis (25%) Corporate finance (25%) Risk management and decision analysis (25%) Investment decisions (20%) Professional Ethics (5%) 1.Each exam part is four hours long: - 3 hours multiple choice and 1 hour essay 2.Exam parts can be taken in any order (and on the same day if desired) 3.All topics tested up to “C” level competence - ability to synthesize and make recommendations 4.Must score at least a 50% on the multiple-choice section of the exam to be eligible to take essay section. 5.No immediate result provided; grades mailed several weeks after close of testing window

8. New Exam Timing, Test Windows, Delivery New exam registration begins Spring of 2010 – testing window start May/June 2010 New exam registration begins Spring of 2010 – testing window start May/June 2010 3 exam windows of 2-month duration per year (similar to exam windows for current multiple choice exams) 3 exam windows of 2-month duration per year (similar to exam windows for current multiple choice exams) January/February January/February May/June May/June September/October September/October 3 years to complete the exams from date of program enrollment. Must take at least 1 exam part within 1 year from enrollment 3 years to complete the exams from date of program enrollment. Must take at least 1 exam part within 1 year from enrollment Exams will continue to be administered by computer at Prometric testing centers Exams will continue to be administered by computer at Prometric testing centers

9. Key Differences New CMA Structure 2 parts, 8 hours 2 parts, 8 hours 2 hours of essay, 1 hour in each part 2 hours of essay, 1 hour in each part Focused subject matter Focused subject matter All topics up to C level All topics up to C level 3 years to complete 3 years to complete Must take 1 exam part in first year Must take 1 exam part in first year No waivers No waivers Current CMA Structure 4 parts, 13 hours 4 parts, 13 hours Part 4 capstone: 3 hours of essay Part 4 capstone: 3 hours of essay Broad subject matter Broad subject matter Some topics up to C level Some topics up to C level 4 years to complete 4 years to complete No time requirement to take exams No time requirement to take exams Waiver for part 1 Waiver for part 1

10. Will exam fees change? Professional Student/ Academic Entrance Fee 200 200 75 75 Part 1 190 190 95 95 Part 2 190 190 95 95 Part 3 190 190 95 95 Part 4 190 190 95 95 Total 960 960 455 455Professional Student/ Academic Entrance Fee 200 200 75 75 Part 1 350 350 175 175 Part 2 350 350 175 175 Total – 2 sittings 900 900 425 425 1 sitting credit (100) (100) (50) (50) Total - 1 sitting 800 800 375 375 Current CMA Testing Fee New CMA Testing Fee

11. Current exam entrance ends February 28, 2010 Current exam entrance ends February 28, 2010 Registration for exam parts in the current program ends September 30, 2010 for parts 1, 2 and 3, and ends December 15, 2010 for part 4 Registration for exam parts in the current program ends September 30, 2010 for parts 1, 2 and 3, and ends December 15, 2010 for part 4 All of the current CMA examination parts (Parts 1, 2, 3 & 4) will be available at Prometric Testing Centers until December 31, 2010 All of the current CMA examination parts (Parts 1, 2, 3 & 4) will be available at Prometric Testing Centers until December 31, 2010 Automatic transfer to new program if you do not pass all four examination parts of the current CMA program by the deadline Automatic transfer to new program if you do not pass all four examination parts of the current CMA program by the deadline Current Exam Timing,Test Windows, Delivery

12. Options for Current CMA Candidates Current candidates may complete remaining exam parts in the existing program by 12/31/2010 or transition to the new program at any time in 2010

13. Part T -Transition Exam For candidates who have passed current parts 2, 3 and/or 1 For candidates who have passed current parts 2, 3 and/or 1 Two hours in length, four 30 minute essay on subject matter outlined in new parts 1 and 2 Two hours in length, four 30 minute essay on subject matter outlined in new parts 1 and 2 Available starting May/June 2010 testing window until February 28, 2013 (due date for passing) Available starting May/June 2010 testing window until February 28, 2013 (due date for passing) Cost $225 Cost $225 May take Part T up to three times per year until due date May take Part T up to three times per year until due date

14. St. Louis IMA Chapter Discounts Contact Chapter Coordinator - Contact Chapter Coordinator - Melissa Leonard : Melissa Leonard : Phone : (800) 874-5346, ext.131 Phone : (800) 874-5346, ext.131 Fax : (888)375-6940 Email: melissa.leonard@gleim.com Email: melissa.leonard@gleim.com mmelissa.leonard@gleim.commmelissa.leonard@gleim.com Chapter members receive a 20-32% discount Chapter members receive a 20-32% discount Apply promotional code IMASTL Apply promotional code IMASTL Chapter members receive 10% discount Chapter members receive 10% discount

15. St. Louis IMA Chapter Website Check website for CMA program info -- http://stlouis.imanet.org